Baltic index ticks down as capesize losses offset gains in smaller vessels

he Baltic Exchange’s dry bulk sea freight snapped a 12-session winning streak on Tuesday, as pressure from lower capesize rates outweighed gains in smaller vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was down 0.3% at 2,291 points. The capesize index snapped its nine-session rising streak, shedding 57 points, or 1.4%, to 4,148. Average daily earnings for capesize vessels, which typically transport 150,000-ton cargoes such as iron ore and coal, decreased by $471 to $34,402. Iron ore futures prices were mixed, as investors digested a raft of key economic targets set by policymakers in top consumer China’s annual meeting of the National People’s Congress. The panamax index added 32 points, or 1.8%, to 1,805 points, its highest level since Jan. 3. Average daily earnings for panamax vessels, which usually carry about 60,000-70,000 tons of coal or grain cargo, were up $281 at $16,242. Among smaller vessels, the supramax index, extended gains, adding 15 points, or 1.2%, to 1,297 points. It rose for a fifteenth straight session. Chinese importers are believed to have purchased at least 65,000 metric tons of animal…

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LAVAN Island

Lavan Island is situated about 18 km south of Bandar Mogham in the Persian Gulf. It serves as the operational base for three offshore fields: Salman, Resalat, and Reshadat. The island features infrastructure such as process plants, storage and export systems, utility and maintenance facilities, a storehouse, and a loading jetty. The island terminal includes piers for handling petroleum products and LPG, as well as an SBM for managing crude exports. This port is managed by the Iranian Offshore Oil Company (IOOC), a subsidiary of the National Iranian Oil Company (NIOC). It serves as a deep-water tanker terminal capable of accommodating two ships. Location: Approximately 10 nautical miles off the southern coast of Iran, and 170 nautical miles west of the Straits of Hormuz. The terminal is situated at the southeast corner of the island. Port Limit: The oil loading jetty limits, controlled by NIOC, extend between the specified points. 26° 47.50′ N, 053° 22.00′ E 26° 46.40′ N, 053° 22.00′ E 26° 46.80′ N, 053° 19.40′ E 26° 47.50′ N, 053° 19.40′ E Ships should approach from the south, as it is safe and clear of hazards. The designated anchorage zone is located east of the oil loading dock at 53 22’ E.…

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Sirri Island

Sirri island (also known as Siri Island) is situated 76 kilometers (47 mi) from Bandar-e Lengeh and 50 kilometers (31 mi) west of Abu Musa island. The island is almost 5.6 kilometers (3.5 mi) long with a width of about 3 kilometers (1.9 mi). It covers an area of 17.33 square kilometers (6.7 square miles). The highest point on the island is 33 meters (108 feet) above sea level. Like the other islands in the Persian Gulf, it enjoys a warm and humid climate. There is a deep anchorage close NE of the terminal. Load line zone: Tropical. PORT RESTRICTIONS Max draft: 23.7 Max LOA: 365 Max DWT: 350,000 Anchoring at South/East of Sirri terminal is prohibited. Fresh Water & provision: Not Available Admiralty Chart: 3409 UN LOCODE: IRSXI  Position: 25.9166° / 54.5333° LATITUDE / LONGITUDE Anchorage Position: Latitude 25 57’ N / Long 54 32’ E Pilot position: Latitude 25 52’ 20” N / Long 54 34’ 40” E Water depth adjacent to loading dock at low water is 28 meters and the Keel Clearance is 1 Meter. Max sailing draft: 26.84 Meters Sirri terminal is normally the first load port Anchoring at South/East of Sirri terminal is prohibited. Vessels can anchor…

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